Goldman Sachs Secures Veteran Equity Research Analyst Graig Suvannavejh

Goldman Sachs has made another big hire, this time securing Graig Suvannavejh as an executive director and Senior equity research analyst. In particular, Suvannavejh will be following the European biotechnology sector. The addition of Suvannavejh comes at a time when the American multinational investment bank is bolstering its research team. This is in reaction to…

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UBS: Bitcoin Can Replace Fiat Money When It Hits $213,000

Bitcoin will eventually replace the U.S. dollar and all other fiat currencies. When this will happen, nobody knows. However, a recent UBS study concludes that for Bitcoin to replace the U.S. currency, it has to reach a value of about $213,000 USD. Money and Traditional Banking Systems Are Obsolete Fiat money and traditional banking are…

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CEO of UBS: Blockchain Will Transform Cost Base of Financial Services Industry

The CEO of Swiss financial services provider UBS Group Sergio Ermotti said that blockchain will be essential for the financial services industry in an interview with CNBC June 18. Ermotti said that the underlying technology of cryptocurrencies will allow “[the] freeing up of resources to become more efficient,” adding that “[it] is a great way…

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